Orders for durable goods jumped 1.3 % in July

New homes sales in US increased 2.4 % in July

Existing home sales showed an increase of 3.1 % during the same month.

Consumer confidence increased from 51.9 to 56.9 % (mainly due to lower oil prices)

Interest rates:

Prime rate: 5 %                  Fed Discount rate: 2.25 %

Fed Funds rate: 2 %          6 months LIBOR rate: 3.084 %      30 Y fix rate: 6.4 %

MCT Group, based in Orlando, Florida announced the opening of their Real Estate and Mortgage School as the first step towards the formation of a comprehensive educational institution.

MCT Real Estate School presently teaches necessary courses to obtain and maintain the Real Estate License in Florida.  MCT Mortgage School teaches necessary courses to obtain and maintain a Mortgage Broker License in Florida. MCT is also offering on line courses to obtain the Real Estate License in 42 States in US as well as course to obtain the Appraisal License and Home Inspection.

For more information please contact MCT, “The Relationship Team” at 407-236-0120 or at schools@mctgroup.us